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Bailoutrage: Rachel Maddow

submitted by HenningKO

1 decade 5 years 5 months ago

In a darkly amusing segment, Rachel goes through the application for the bank bailout program (TARP), which is ridiculously easy compared to applications for welfare, and muses about starting her own bank.
Congress rushed their bailout money through out of fear, now the banks aren't telling us anything because they weren't forced. The Fed is "blowing it" for future administrations who might need to take similar "unpalatable but maybe necessary government economic intervention."